TitleAUDUSD H4 | Potential bullish bounce off 61.8% FiboTypeBullish BouncePreference:Price is falling towards the pivot point of 0.63994 which is an overlap support that aligns with the 61.8% Fibonacci retracement level and could potentially reverse from here; we could see momentum carry price up to its 1st resistance at 0.64558 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement level.Alternative scenario:If price breaks below the pivot point, it could hit the 1st support at 0.63731 which is a pullback support level.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.
